MIRA INFORM REPORT

Report Date :

23.11.2011

IDENTIFICATION DETAILS

Name :	GLOBAL ASIA COMMODITY PTE. LTD.

Registered Office :	10 Anson Road, #16-01e International Plaza Singapore 079903

Country :	Singapore

Date of Incorporation :	15.04.2010

Com. Reg. No.:	201008034R

Legal Form :	Private Limited Liability Company

Line of Business :	General Wholesale Trade

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 10,000

Status :	Satisfactory

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Singapore

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Contact Points

Company Name:	Global Asia Commodity Pte. Ltd.
Supplied Name:	Global Asia Commodity P Ltd.
Trading Address:	10 Anson Road, 16-10E International Plaza, Singapore 079903
Supplied Address:	10 Anson Road, 16-10E International Plaza, Singapore 079903
Telephone Number:	+65-64109208
Fax Number:	+65-64109205
Mobile Number:	+65-90064381

Notes:

The exact subject’s name is as above mentioned.

Credit Summary

Credit Rating:	Maximum credit USD 10,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Global Asia Commodity Pte. Ltd.
Registered Address:	10 Anson Road, #16-01e International Plaza Singapore 079903
Date of Registration::	2010-4-15
Registered Number:	201008034R
Country of Incorporation:	Singapore
Registered Capital:	SGD 50,000.00 (USD 39,349.50) (As of 2011.11, 1 SGD = 0.78699 USD)
Paid-up Capital:	SGD 50,000.00 (USD 39,349.50 ) = 50,000 Shares@1 SGD
Legal Form:	Private Limited Liability Company
Principal Activities:	Import and trading of agriculture products, cashew nuts, etc. 46900 General Wholesale Trade (Including General Importers And Exporters) 62022 Software Consultancy
Staff:	N/A
Status:	N/A
Listed at Stock Exchange:	Live Company
Date of Last Annual Return:	No

Notes:

The subject declined to introduce its staff number.

History

Subject was incorporated on 2010-4-15 with registered number 201008034R as Private Limited Liability Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Anup Chechani	15,000	30%
Alok Bansal	27,500	55%
Rathi Vandana	7,500	15%
Total	50,000	100%

Major Shareholder Information:

1
Name:	Anup Chechani
ID Number:	G6436272R
Address:	28 Simei Street 1 #10-02 Melville Park Singapore 529948
Nationality:	Indian
2
Name:	Alok Bansal
ID Number:	S7460779I
Address:	10 Tanjong Katong Road #11-04 King's Mansion Singapore 437147
Nationality:	Singapore Citizen
3
Name:	Rathi Vandana
ID Number:	S7768582J
Address:	28 Simei Street 1 #10-02 Melville Park Singapore 529948
Nationality:	Singapore P.R.

Management Information

Core Management

Detailed Information of Management:

1
Name:	Anup Chechani
Position:	Director
ID Number:	G6436272R
Address:	28 Simei Street 1, #10-02, Melville Park Singapore 529948
Nationality:	Indian
Date of Appointment:	2010-4-15
2
Name:	Alok Bansal
Position:	Director
ID Number:	S7460779I
Address:	10 Tanjong Katong Road, #11-04, King's Mansion, Singapore 437147
Nationality:	Singapore Citizen
3
Name:	Rathi Sanjay
Position:	Director
ID Number:	S7687715G
Address:	28 Simei Street 1, #10-02, Melville Park, Singapore 529948
Nationality:	Singapore p.r.
Date of Appointment:	2011-2-9
4
Name:	Rathi Vandana
Position:	Director
ID Number:	S7768582J
Address:	28 Simei Street 1, #10-02, Melville Park Singapore 529948
Nationality:	Singapore p.r.
Date of Appointment:	2010-4-15

Operation Information

Offices & Factories

	Office
Address:	10 Anson Road, 16-10E International Plaza, Singapore 079903

Purchase

l The subject imported agriculture products, such as cashew nuts, etc.

l The subject imported from African countries.

Sales Information

l The subject is engaged in the sales of agriculture products, such as cashew nuts, etc.

l The subject has both domestic and foreign markets.

l The subject mainly exports to East Asian countries.

Settlements

Purchase

Domestic Markets

Notes: Subject seldom purchases from domestic markets.

Overseas Markets

Products	Payment Terms	Proportion
Agriculture products, such as cashew nuts, etc.	CBD, etc.	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Agriculture products, such as cashew nuts, etc.	CBD, etc.	100%

Overseas Markets

Product	Sales Terms	Proportion
Agriculture products, such as cashew nuts, etc.	CBD, etc.	100%

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, subject did not submit the latest information to the local registry, and the only source from which we can obtain the information is the subject itself.

The subject relevant staff declined to provide its financial figures, and we cannot obtain financials from other sources, either.

Auditors

Name:

T Ravi & Co.

Notes:

The man who answered the phone declined to disclose his name.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.70
UK Pound	1	Rs.82.44
Euro	1	Rs.71.08

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.